Writing Mistake on Uniform Invoice

If a business entity sales the goods or services, uniform invoice shall be issued to the buyer within time limit regulated in Value-Added and Non-Value-Added Business Tax Act. In case of mistake of writing, a new invoice must be issued and retrieve the receipt and deduction copies of the original invoice and attach them onto the retention copy of the same invoice with the word “nullified” added.

According to Value-Added and Non-Value-Added Business Tax Act, if the sales amount is not reported or under-reported, the taxpayer shall be pursued for payment of taxes and be fined from one to ten times of the amount of tax evaded. In addition, his business may be suspended.